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YOUNGSTOWN, Ohio – LTV Corp. will stop steel production but keep its mills in working condition to allow more time to arrange a loan and find a buyer, under an agreement approved Friday by a ...
The reorganization seemed to be a step toward recapitalizing and reorienting the steel company, currently an amalgam of LTV`s Jones & Laughlin Steel Corp., Youngstown Sheet & Tube Co. and Republic ...
Bankrupt LTV Corp. agreed to sell its steel assets to distressed-properties investor WL Ross & Co. for $325 million, clearing the way for a reopening of currently idled LTV steel mills in Ohio… ...
At the same time, LTV lawyers were wheeling six boxes of documents into federal court in Youngstown to file for protection under Chapter 11 of the U.S. Bankruptcy Code.
LTV Corp., the second-largest U.S. steel maker, on Tuesday asked a bankruptcy court for permission to close its mills and put them up for auction after it ran out of ... YOUNGSTOWN, Ohio — LTV ...
YOUNGSTOWN, Ohio (AP) - A federal bankruptcy judge approved the sale Thursday of LTV Steel to an investment firm that plans to resurrect the company's steel mills. On Wednesday, LTV Corp. agreed ...
YOUNGSTOWN, Ohio – A bankruptcy ... 2006, and cover 9,000 employees of LTV Steel, including 3,200 in northeast Ohio. LTV operates in 17 states, Canada and Britain.
The Cleveland-based company has 18,000 employees and hasn’t turned a profit since 1997. LTV said in a statement that it was considering filing for Chapter 11 protection from creditors today i… ...
YOUNGSTOWN — The continuous-casting method of steelmaking will be on display at an open house noon to 4 p.m. Saturday when the steel museum, 151 W. West Wood St., has one of several events this ...
Our opinion: There remain a fistful of "ifs" regarding LTV. Some, if not all, of those ifs might become reality next week when bankruptcy hearings are set for Tuesday and Wednesday in Youngstown ...
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